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Netizens Targeted by New Wave of Phishing Emails Emulating PayPal - Experts

Softpedia.com reported on 14th May, 2014 quoting a warning by security firm Malwarebytes as "phishing emails have been reaching inboxes of many Internauts over the past few days from a certain type of PayPal, the online payment processor".

The emails, intercepted by experts of Malwarebytes, inform recipients about unusual activities in their PayPal accounts.

The phishing emails tell the recipients that recently, there have been activities in his PayPal account that appears to be bizarre when compared to his usual account activities. The email instructs the user to log in to his PayPal account to confirm his identity and update his password and questions of security. He is told to protect his account no one either send money from it or withdraw money from the account. Additionally, no one can shut the user's account, send reimbursements, eliminate any bank accounts, or eradicate credit cards.

The emails contain a link which point to a phishing website of PayPal. Security experts comment that cybercriminals ask victims to wait until they (purporting to be from PayPal) respond within 72 hours after all tasks are completed by which time any credits or account associated with the victim's PayPal login may be compromised.

Phishing web-pages are hosted on numerous domains and more than 500 IP (Internet Protocol) addresses are connected with this particular campaign.

Unfortunately, it is not only Malwarebytes as security vendor Webroot too claims that it has recently recognized a tainted spamvertised campaign impersonating PayPal to trick Internauts into clicking on web links enclosed in emails which serve malware.

As per Webroot, these emails, contain a strain of malware known as a variant of the infamous Zeus Trojan and is nicknamed 'Spyware.Zbot.ED' more precisely.

This malware is currently detected by only 2 out of 51 scanners of antivirus hoisted by VirusTotal.

PayPal phishing scams are common because experts notice "flood" of such scams very often.

Therefore, if you receive an email purporting to be from PayPal which you suspect to be fraudulent, do not follow any links enclosed in the mail. Also never open any attachments in the email and always login to your PayPal account by typing the address in your address bar of the browser rather than following a link of an email.

» SPAMfighter News - 5/23/2014

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